Verification

Every question raised while checking the data, with its current status and what was concluded.

36 questions8 open6 partial15 resolved6 corrected in the text1 being monitored

Verification log
IDQuestionStatusFindingImpact
V01Average earnings in 2015, for the price-to-earnings ratioPartialRatio calculated (≈ +84%); the 2015 value still needs confirming in the INE table.High
V02Dwellings completed through renovation and extensionsResolvedThere is no national series for dwellings; the contribution is estimated at no more than 12% in 2025. The claim that renovation "grew strongly" was withdrawn.High
V03Isolated contribution of migration (Banco de Portugal, 2026)ResolvedStudy read: it does not isolate migration; 0.69/0.37 is the limiting case of rigid supply. Two corrections.High
V04Share of foreign workers in constructionPartial117,000 in December 2025; their share of employment in the sector is still missing.Medium
V05IMT for non-residents: final rate and approvalResolvedFlat 7.5%, with exceptions (Decree-Law 97/2026).Medium
V066% VAT: legislation and entry into forceResolvedLaw 9-A/2026 and Decree-Law 97/2026; works started between 25-09-2025 and 2029.Medium
V07AD government changes to IFICI and short-term rentalsPartialShort-term rentals: Decree-Law 76/2024. IFICI: no substantive changes found.Medium
V088,471 vs 6,248 non-resident buyersResolvedDifferent populations: tax residence (all sectors) vs foreign nationality (households).Medium
V09Independent study of the NHR effect on pricesOpenNone found. No quantitative effect is claimed.Medium
V10Licensing times before and after SimplexOpenStill to be investigated.Medium
V112024 short-term rental legislation and its effectPartialLegislation identified (Decree-Law 76/2024); effect still to be measured.Medium
V12Effect of changes to the rental lawOpenStill to be investigated.Medium
V13Vacant homes in good condition in the metropolitan areasOpenStill to be investigated.High
V14NHR beneficiaries who are returning Portuguese nationalsOpenNo source; the claim should be qualified or withdrawn.Medium
N01Chart series missing from the original documentResolved9 datasets extracted from the sources.Blocking
N02Costs "+32% between 2021 and 2025": base yearResolvedBase 2020 (+33%). Corrected in v2.High
N03+180% (Eurostat) vs +169% (IMF)ResolvedSame index, different quarters.Medium
N04Rents: the comparison with 2017 crosses the series revisionResolvedINE states that levels show no significant changes; kept as indicative.High
N05Population growth since the 2021 CensusCorrected+824,914 (2021–2025) instead of 1.08 million.High
N06Homes completed in the comparable periodCorrected95,294 (2022–2025) instead of 115,220.Low
N07"One in four" purchases by resident foreign nationalsCorrected27.6% for all foreign nationals; 23.4% with tax residence in Portugal.Medium
N08Geographical restriction on golden visas (Decree-Law 14/2021)PartialAdded; the text still needs confirming in the Diário da República.High
N09"Passos Coelho opens up short-term rentals"CorrectedReworded: a separate legal regime for short-term rentals (Decree-Law 128/2014).Medium
N10Governments of 2000–2005 missing from the matrixResolvedGuterres, Barroso and Santana Lopes added.High
N11Supply policies of the Costa period omittedResolved1.º Direito, PAA, the Housing Framework Law and the RRP added.High
N12Two Montenegro governments and the "Construir Portugal" strategyOpenNot yet separated in the timeline.Medium
N13Rounded averages per governmentResolvedCosta 2016–2023: 120,003 dwellings (15,000 a year).Medium
N14The 2026 energy shockPartialConfirmed by the Banco de Portugal Economic Bulletin (Oct 2026); a series of energy prices is still missing.High
N15Denominator of the 3.1% for golden visasOpenTo be confirmed in the original fact-check.Medium
N16Shortfall of 80,000 workers (AICCOPN)ResolvedIdentified as an industry association estimate.Medium
N17Overcrowding: "non-Europeans" vs the Eurostat categoryOpenExact label still to be confirmed.Low
N18Framing of the 2015 low pointResolvedPresented without a party-political reading, with a note on the time lag.Low
N1926,714 vs 27,301 homes completed in 2025ResolvedQuarterly estimates vs annual count; the annual count is used.Medium
N20Mission Structure: 286,000CorrectedThese are appointments, not regularisations.High
N21Dwelling licences revised by INECorrected2024: 35,371; 2025: 42,066.Medium
N22Transfer of AIMA data to INEMonitoringThe 2025 data may be revised; to be monitored.Medium

How to read it

“V” items are the questions listed in the original investigation; “N” items are problems found during verification. Impact shows what happens to the publication if the question remains unresolved.